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melisa1 [442]
3 years ago
15

Deadweight losses occur when the quantity of an output produced is: less than, but not when it is greater than, the competitive

equilibrium quantity greater than, but not when it is less than, the competitive equilibrium quantity less than or greater than the competitive equilibrium quantity such that the marginal benefit of the output is just equal to the marginal cost
Business
1 answer:
IRINA_888 [86]3 years ago
4 0
I think the correct answer would be the first option. Deadweight losses occur when the quantity of an output produced is  less than, but not when it is greater than, the competitive equilibrium quantity. It is also known as allocative inefficiency. It is a loss of efficiency that will happen when the equilibrium of a good is not reached or the supply and the demand of a good are not in equilibrium such that the quantity of the goods is less than the equilibrium quantity. It is a loss due to inefficient use of the resources available. Price controls, minimum wage and taxation are said to cause deadweight loss.
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Jorge considers himself a risk-averse person. He takes the opportunity to switch to a new job where there are two possible outco
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Jorge is not risk-averse

Explanation:

Risk averse means to reluctant to take risk

Since theres a 80% chance that Jorge will get laid off and end up with a job that will pay him $10000 less is very risky instead where he'll earn $30000 where the chance is 20% that he'll get the job.

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3 years ago
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1. 2006 Student

2. 4400 pesos left

Explanation:

If each student had $500 to spend and In 2002, the exchange rate of MXN/USD (Mexican pesos to U.S. dollars) was 9 and In 2006, the exchange rate was 11.

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Student A - 2002

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Pesos left = 4500 - 1000 = 3500 pesos

Student B - 2006

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(Being wage expenses is recorded)

c. Interest expenses Dr, $400  

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(Being interest expenses is recorded)

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(Being interest revenue is recorded)

f. Salaries expenses $900  

     Salaries payable $900

(Being salary expenses is recorded)

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3 years ago
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